BC-APFN-Business News Digest
BC-APFN-Business News Digest
Jul. 06, 2018
Here are AP Business News' latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP's coverage, visit Coverage Plan at newsroom.ap.org.
US-CHINA-TARIFFS-IMPACT — The trade war that erupted Friday between the United States and China has suddenly elevated the risks to the global economy. Barring a cease-fire, the tariffs the Trump administration and Beijing have imposed on billions of dollars in each other's goods could slow growth, weaken investment, unsettle markets and inflate the prices of goods ranging from Chinese construction equipment, airplane tires and machine parts to American pork, soybeans, excavators and chicken sandwiches. And the import taxes could soon escalate. Incorporates BC-US--US-China-Tariffs. By Paul Wiseman. UPCOMING: 900 words by 3 p.m.
US-CHINA TARIFFS-PRODUCTS — A look at products targeted by US, China tariffs.
US-CHINA TARIFFS-FAST FACTS — Fast facts on key developments as US-China trade war begins.
— US-CHINA-TARIFFS-THE LATEST — Running updates.
— TRADE GAP — The U.S. trade deficit dropped in May to the lowest level in 19 months as U.S. exports rose to a record level. But the trade gap between the United States and China increased sharply, underscoring the economic tensions between the world's two biggest economies. By Martin Crutsinger. SENT: 140 words, photos.
ECONOMY-JOBS REPORT — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs in a sign of confidence despite the start of a potentially punishing trade war with China. However, the unemployment rate rose to 4 percent from 3.8 percent, as more people began looking for jobs. By Josh Boak. SENT: 910 words, photos.
— ECONOMY-JOBS REPORT-INDUSTRIES-GLANCE
— ECONOMY-JOBS REPORT-DEMOGRAPHICS-GLANCE
PRUITT-EPA-INDUSTRY — In his short tenure, EPA Administrator Scott Pruitt moved to roll back environmental regulations affecting industries from autos and agriculture to mining. His efforts included trying to reverse tougher emissions standards on coal plants, kill tougher fuel-efficiency rules for vehicles, and suspend tougher rules on runoff from farms. That legacy is likely to survive under his successor. By David Koenig. UPCOMING: 500 words by noon.
MARKETS & ECONOMY:
FINANCIAL MARKETS —The major U.S. stock indexes were mostly higher in early trading Friday following a solid jobs report, keeping the market on track for a weekly gain after two weeks of losses. By Alex Veiga. SENT: 570 words, photos. UPCOMING: Will be updated through 5 p.m.
TAKATA-RECALL — Mazda is recalling nearly 270,000 vehicles with Takata airbags that have the potential to explode. SENT: 130 words, photos.
MANHATTAN-GLAMPING — Roughing it? Hardly. Luxury tents on New York City's Governors Island offer hotel-like comforts along with stunning views. By Deepti Hajela. SENT: 470 words, photos, video.
GERMANY-VW-DIESEL PROBE — Germany's highest court says investigators can examine internal documents seized last year from automaker Volkswagen as part of a probe into the diesel emissions scandal. SENT: 140 words.
DUKE ENERGY-COAL ASH — A string of decisions by North Carolina regulators means electricity consumers could be seeing a multibillion-dollar bill to clean up mountains of waste Duke Energy created by spending decades burning coal to produce power. SENT: By Emery P. Dalesio. 630 words.
TECHNOLOGY & MEDIA:
RUSSIA-CYBERSECURITY — President Vladimir Putin has called for closer international cooperation in fending off cyberattacks. SENT: 240 words, photos.
BREXIT — British Prime Minister Theresa May faces resistance and potential rebellion from hard-core Brexit backers in her Conservative government as she gathered her fractious Cabinet to hammer out a plan for future trade with the European Union. By Jill Lawless. SENT: 710 words, photos.
— BREXIT-AIRBUS — Aviation giant Airbus underscores its threat to leave Britain if the country exits the European Union without an agreement on future trading relations, noting that the company is already taking steps to mitigate a worst-case scenario. By Danica Kirka. SENT: 430 words, photo.
GERMANY-FINANCES — The German government says its 2019 budget will comply with eurozone debt limits for the first time in 17 years. By David McHugh and Frank Jordans. SENT: 360 words, photo.
Also: — GERMANY-ECONOMY — German factory production surged in May, further allaying economists' fears that Europe's largest economy might be cooling. SENT: 130 words.
CLIMATE-WEALTH-FUNDS — The sovereign wealth funds of major oil-producing countries have agreed upon a common roadmap to encourage investments toward a greener economy. By Sylvie Corbet. SENT: 390 words, photo. UPCOMING: Will be updated from meeting scheduled to begin at noon.
MALAYSIA-CHINA — Prime Minister Mahathir Mohamad said Friday he will visit Beijing next month to renegotiate terms for China-backed rail and gas pipeline projects in Malaysia worth more than $22 billion. By Eileen Ng. SENT: 400 words, photos.
BANGLADESH-TANNERIES — Bangladesh tanneries prepping leather for shoes, belts, wallets and purses are dumping toxic chemicals into a river at a new industrial complex more than a year after the government shut them down for poisoning a different river and using child labor. By Julhas Alam and Martha Mendoza. SENT: 910 words, photos.
MONEY & MARKETS SUMMARY:
Biogen jumps on promising study
Biogen shares soared after a clinical trial of its Alzheimer's therapy drug delivered encouraging results.
Fear on the farm
All the recent tough trade talk has U.S. farmers paying close attention to export markets and the status of negotiations with America's biggest trading partners.
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